Sanctions and Ports Closed to Russian Vessels Starting to Take Their Toll on Russian Lumber Markets

According to Lesprom Network marketplace, EU and other countries’ sanctions against Russia for the invasion of Ukraine, coupled with rising transportation tariffs and a stronger Russian Ruble, has led to a steady decline lumber exports and made the production of lumber in Russia’s Northwest a losing proposition.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.